Romanian online payments on the up 62% reaching 148,4 million EUR for Q1 2016

According to the latest data provided exclusively by RomCard for GPeC, online card payments online registered a 62% growth YearOverYear during Q1 2016. Only during the first quarter of 2016 3D Secure payments of 148.4 million EUR were registered, comparing to 91.2 million EUR in 2015.

The number of online card transactions has also grown significantly during the months of January, February and March 2016, exceeding 1.1 million monthly transactions, comparing to the same time in 2015 when the average transactions number was approximately 780.000 transactions per month.

According to RomCard officials, the growth is closely tied to the decrease of interchange commissions announced publicly by Cătălin Crețu, General Manager of Visa Europe for Romania, Croatia, Malta and Slovenia, at GPeC Summit November 24 2015.

“From the information we have, together with the decrease of the commissions, more and more important online shops have started encouraging online card payments. For an online shop, an order paid by online card is ideal because it decreases logistic costs (confirmation calls, time, call-center salaries etc) and it is, more often than not, a sure sale (the risk of door-to-door refusal is higher than in online). Together with the commission decrease, more and more online shops in Romania have started promoting online payments so we can expect significant growth in the overall online payments market”– says Andrei Radu, GPeC CEO.

We will be discussing the overall market overview for Central and Eastern European e-commerce at GPeC Summit May 25-26-27, during the debate panel with top players in CEE e-commerce on May 25.

GPeC Summit May 25-26-27 E-CommerceDoar câteva zile până când expiră oferta Early-Bird pentru înscrierile la GPeC Summit

GPeC Summit is the most important e-commerce event in Romania, celebrating its 11th annual edition. GPeC Summit will take place in Bucharest on May 25-26-27 and is dedicated to all those who work in e-commerce and to entrepreneurs who are starting an online business.

The price for a 3-day-pass is only 147 EUR VAT included if you take advantage of the Early Bird Offer which is available until Sunday, May 15, 11:59 PM.  acă doritorii iși achiziționează biletele până cel mai târziu duminică, 15 Mai 2016, ora 23:59. After the early bird period, the Early Bird ticket will cost 207 EUR.

You can see the entire event agenda here and you can book your ticket for GPeC Summit May 25-26-27 here.

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